Monthly Archives: July 2017

QOTD: The Robots Are Coming, Err, Here

Posted on July 10, 2017 by macromon

Robots Are Taking Over Oil Rigs – Bloomberg  –Automation means wells need only five workers, down from 20 …Rigs have gotten so much more efficient that the shale industry can use about half as many as it did at the … Continue reading →

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US Sector ETF Performance – July 7

Posted on July 9, 2017 by macromon
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Global Risk Monitor – July 7

Posted on July 9, 2017 by macromon

Click on table to enlarge and for better resolution

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Why Crude Oil Trades So Poorly

Posted on July 8, 2017 by macromon

Crude oil is the new widow maker.  It trades heavier than a wet dawg in a New York thunderstorm.    Rallies have no legs and it seems the only bid these days are the shorts scrambling for cover. Note the recent … Continue reading →

Posted in Crude Oil, Uncategorized | Tagged , , , | 17 Comments

Global Stock Markets Monthly Comovements

Posted on July 7, 2017 by macromon

Interesting data table we put together on how the global stock indices move together on a monthly basis.  They’re ranked according to their monthly movement with S&P500.   That is the monthly return on each index has the same sign – … Continue reading →

Posted in Equities, Uncategorized | Tagged , | 2 Comments

QOTD: Ray Dalio

Posted on July 6, 2017 by macromon

“…our responsibility now is to keep dancing but closer to the exit and with a sharp eye on the tea leaves.” – Ray Dalio, July 6, 2017 (QOTD = Quote of the Day)

Posted in Monetary Policy, Quote of the Day, Uncategorized | Tagged | 1 Comment

TOTD: Global Bear Market Checklist

Posted on July 5, 2017 by macromon

Coutesy of Citibank.    Not yet. (TOTD = Table of the Day)

Posted in Equities, Uncategorized | Tagged , , | 1 Comment

Happy July 4th!

Posted on July 4, 2017 by macromon

Happy 241st,  America.    America, Primus inter pares!   

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The Good Public Servant

Posted on July 3, 2017 by macromon

Don’t you wish the hombre in La Casa Blanca had this guy’s character, maturity,  and rhetoric?   Proud of our Chief Justice.   What a good man and public servant. Chief Justice John G. Roberts Jr. delivered eight opinions and two … Continue reading →

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2017 First Half Key Takeaways

Posted on July 2, 2017 by macromon

Bonds  Big outperformance by local emerging markets and Euro periphery in first half.  Last week was pivotal as some bonds gave back almost entire year due to ECB hawkishness.  Watch this space.  More big moves here will determine asset trading … Continue reading →

Posted in Bonds, Commodities, Currency, Equities, Uncategorized | Tagged , , , , | 9 Comments